Title 15 — Commerce and Trade
Chapter 2A — Securities and Trust Indentures
§ 77yyy. Penalties
Statutory text
Any person who willfully violates any provision of this subchapter or any rule, regulation, or order thereunder, or any person who willfully, in any application, report, or document filed or required to be filed under the provisions of this subchapter or any rule, regulation, or order thereunder, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 76–38 · 53 Stat. 568
Enacted · 15 U.S.C. § 77yyy
May 27, 1933, ch. 38, title III, § 325, as added Aug. 3, 1939, ch. 411, 53 Stat. 1177
Source evidence
Code source credit
May 27, 1933, ch. 38, title III, § 325, as added Aug. 3, 1939, ch. 411, 53 Stat. 1177Securities Acts Amendments of 1975
Pub. L. 94–29 § 27(d) · 89 Stat. 97
Substituted · 15 U.S.C. § 77yyy
Pub. L. 94–29 substituted “$10,000” for “$5,000”
Source evidence
Code amendment note
Pub. L. 94–29 substituted “$10,000” for “$5,000”.Enacted provision · exact public law section
(d) Section 325 of the Trust Indenture Act of 1939 (15 U.S.C. 77yyy) is amended by changing the figure “$5,000” to “$10,000”.Effective date note
Amendment by Pub. L. 94–29 effective June 4, 1975, see section 31(a) of Pub. L. 94–29, set out as a note under section 78b of this title.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
1975—Pub. L. 94–29 substituted “$10,000” for “$5,000”.
Statutory Notes and Related Subsidiaries
Effective Date of 1975 Amendment
Amendment by Pub. L. 94–29 effective , see section 31(a) of Pub. L. 94–29, set out as a note under section 78b of this title.
Credits
1933–1975 · 2 acts
- 1933May 27, 1933, ch. 38, title III, § 325, as added Aug. 3, 1939, ch. 411, 53 Stat. 1177
- 1975amended Pub. L. 94–29, § 27(d), , 89 Stat. 163.
Show as published
(May 27, 1933, ch. 38, title III, § 325, as added Aug. 3, 1939, ch. 411, 53 Stat. 1177; amended Pub. L. 94–29, § 27(d), , 89 Stat. 163.)